Unfortunately I agree with you tgn01. The only thing that has got them through this far from a contracting point of view Is their JV with Spiecapag, without this the business would be kaput. Spie are switched on and know the game well.
In fairness, their Victorian project did get hit with wet weather but nothing wildly out of the ordinary.
I hope the UK business has some legs as I wouldn't see any light at the end of the tunnel for the Aus contracting business sorry to say.
DYOR
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